Stocks are poised for a muted open on Monday, as investors await the November consumer price index on Tuesday, and the Federal Reserve’s interest rate decision on Wednesday.
At 6:20 p.m. ET on Sunday, Dow Jones Industrial Average futures gained 27 points, or 0.1%; the S&P 500 futures rose 0.1%; and Nasdaq Composite futures were flat.
This week’s notable earnings include Casey’s General Stores and Oracle on Monday; Johnson Controls International on Tuesday; Adobe on Wednesday; Costco Wholesale and Lennar on Thursday; and Darden Restaurants on Friday.
Among the notable economic events this week, the Bureau of Labor Statistics will release the consumer price index for November on Tuesday, and the National Federation of Independent Business will release its Small Business Optimism Index for November.
On Wednesday, the Federal Open Market Committee is expected to a announce its federal-funds rate decision, Fed Chairman Jerome Powell will hold a press conference, and the FOMC will release its latest Summary of Economic Projections, the so-called dot plot. Also Wednesday, the Bureau of Labor Statistics will release the Producer Price Index for November.
On Thursday, the Census Bureau will report retail sales data for November, and the Labor Department will release initial unemployment benefits claims for the week ended Dec. 9. Also Thursday, the European Central Bank and Bank of England will announce their monetary-policy decisions.
On Friday, S&P Global will release both its Manufacturing and Services Purchasing Managers’ Indexes for December, and the Federal Reserve Bank of New York will release the Empire State Manufacturing Survey for December.
Write to Janet H. Cho at [email protected]
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